"GDP is not only causing smart people to misdiagnose the economic impact of disasters and fanning fallacies. It has become so entrenched as barometer of growth that policy is being judged not by its effect on prosperity but its ability to boost GDP."
GDP no real guide to wealth or welfare | The Australian:
Wednesday, April 6, 2011
A Misleading Barometer of Growth
Posted by Ben Asa Rast at 9:47 AM
Labels: Economic Theory
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